Key Points
- Bitcoin’s value could reach between $150K-$200K by 2025 according to industry insiders.
- Options traders’ immediate targets for Bitcoin are $110K and $120K.
Galaxy Research has recently projected that Bitcoin [BTC] could reach as high as $150K by the first half of 2025.
They further suggested that the popular cryptocurrency might even climb to $185K by Q4 of the same year.
Factors Influencing Bitcoin’s Projected Rise
The team at Galaxy Research, led by Alex Thorn, attributed this projection to increasing adoption from institutions, corporations, and nation-states.
They believe that Bitcoin could achieve 20% of the gold market’s size.
Other cryptocurrency firms, including Bitwise, Blockware, and Steno Research, have also made similar projections for Bitcoin’s value in 2025.
Bitwise predicts that Bitcoin could top $200K by the end of the year due to accelerated adoption.
Options Market Positioning
Positioning in the Options market suggests that a move to $150K for Bitcoin could be likely.
However, the majority of bets are currently positioned at $120K according to Open Interest (OI).
At the time of writing, other key strike prices targeted by Options traders are $110K, $100K, $130K, and $150K, in that order.
Bitcoin has recently recovered by 5% from its low of $91.5K, before stalling at $97K.
The recent price action seems to be driven by a liquidity hunt, and the large short positions at $98K could soon attract the price.
If this happens, the price of Bitcoin could hit $98K or even retest the $100K psychological level.
